Name: estimation of simultaneous equation models with error components structure
SKU: 24726189
Price: 1860.00 TWD
Availability: InStock
Author: Krishnakumar, Jayalakshmi
ISBN: 9783540500315

portada estimation of simultaneous equation models with error components structure

estimation of simultaneous equation models with error components structure

Type

Physical Book

Author

Jayalakshmi Krishnakumar

Publisher

Springer

Year

1988

Language

English

Pages

363

Format

Paperback

Dimensions

24.4x17x2 cm

Weight

0.60 kg.

ISBN

3540500316

ISBN13

9783540500315

Synopsis "estimation of simultaneous equation models with error components structure"

Economists can rarely perform controlled experiments to generate data. Existing information in the form of real-life observations simply has to be utilized in the best possible way. Given this, it is advantageous to make use of the increasing availability and accessibility of combinations of time-series and cross-sectional data in the estimation of economic models. But such data call for a new methodology of estimation and hence for the development of new econometric models. This book proposes one such new model which introduces error components in a system of simultaneous equations to take into account the temporal and cross-sectional heterogeneity of panel data. After a substantial survey of panel data models, the newly proposed model is presented in detail and indirect estimations, full information and limited information estimations, and estimations with and without the assumption of normal distribution errors. These estimation methods are then applied using a computer to estimate a model of residential electricity demand using data on American households. The results are analysed both from an economic and from a statistical point of view.

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estimation of simultaneous equation models with error components structure - Krishnakumar, Jayalakshmi

Synopsis "estimation of simultaneous equation models with error components structure"

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